Tag Archive for: Gross Variance

Inventory Record Inaccuracy (IRI) presents critical challenges to warehouse operations by causing inefficiencies, financial losses, and diminished stakeholder trust. This study examines IRI at XYZ Warehouse through the analysis of Gross Variance and Net Variance, identifying a discrepancy rate of 0.53%, equivalent to 3,089 units or IDR 154,450,000 in potential financial losses. The findings emphasize the importance of accurate inventory management to mitigate these losses and improve operational efficiency. This study serves as a foundation for future research and interventions aimed at addressing IRI and its associated challenges.